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LafargeHolcim signs bolt-on acquisition in Greece

Published by , Deputy Editor
World Cement,

LafargeHolcim’s HERACLES Group has signed an agreement with HALYPS Domia Ylika SA of Heidelberg Cement to acquire the aggregates business and two ready-mix concrete plants in Athens,Greece. The acquisition will strengthen HERACLES Group’s position to support Athens thriving metropolitan area and key infrastructure projects with sustainable building solutions. This is LafargeHolcim’s fifth bolt-on acquisition in 2021, a key driver of the company’s growth strategy.

Miljan Gutovic, Region Head EMEA: “I am excited about the opportunities and growth prospects of this acquisition in the Attica region of central Greece. It will provide additional support towards our net zero ambition with our leading range of sustainable building solutions such as ECOPact green concrete. With this acquisition, I look forward to welcoming many new colleagues into the LafargeHolcim family.”

The aggregates business in Mandra is one of the largest aggregate businesses in Greece. The two ready-mix concrete plants are based in Gerakas and Aspropyrgos. The acquisition will offer HERACLES customers an expanded product portfolio of aggregate and concrete solutions, suitable for all construction projects. For instance, this April HERACLES Group launched its ECOPact green concrete range with a reduced CO2 footprint, offering innovative and sustainable construction solutions for the construction market across Greece.

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